Free Data Graphic 2 minutesFree ReportCoresight Bites: US Clothing and Footwear Spending Up 4% Year over Year Coresight Research July 4, 2022 Coresight Bites provide free snapshots of Coresight Research data and findings. Subscribers can access the full research here. To find out how to subscribe, click here. The Coresight Research US Apparel and Beauty Spending Trackerprovides a monthly update on the trajectory of consumer spending on beauty, clothing and footwear. The data are sourced from the US Bureau of Economic Analysis (BEA). Consumer spending on clothing and footwear remained solid in May 2022 (latest data available), against strong comparatives. Shoppers upped their spending by 4.0% year over year, lower than April’s growth but higher than March’s growth. We believe that price rises were the major growth driver of the total spending on apparel and footwear in May 2022, with volumes down slightly. Click the image to read more about the topic. This document was generated for Other research you may be interested in: Navigating Digital Transformation: Optimizing Retail Operations Amid Margin PressureThree Things You Need To Know: China Consumer Tracker—Consumer Confidence FallsFewer Consumers Report Inflation-Induced Shopping Changes: US Consumer Survey InsightsData Dive: How US Consumers Spent in 2022—and Why Services Are Yet To Fully Bounce Back
